Insights to the Phuket Condo Market

Currently there are 6,516 Condo units For Sale In Phuket at an average price of 114,060 per square meter. The most popular regions, that generate the greatest interest from investors and private buyers are Bangkok, Phuket, Pattaya, Hua Hin, Koh Samui and Chiang Mai, while most of the Condo units In Phuket are off the market 145 days after they have been listed For Sale on BaanThai. The average Return Of Investment for Condo units In Phuket varies between an impressive 5% - 7% for capital appreciation. In terms of Condo types for sale, 1 and 2 bedroom Condo units generate the highest ROI for investors.

Phuket is the most popular holiday destination in Thailand with more then 8 million visitors each year, and this number is continuously going up. The island is home to 400,000 people and has an ever-growing expat community, most of them being retirees from Europe and North America.
Due to the increasing number of visitor each year, the demand for rental properties is growing fast, which makes Phuket ideal for acquiring buy-to-let properties. Some of the consistently popular locations for buying property in Phuket are Kata, Kamala, Rawai, Patong, Surin and the Laguna area. Currently there are more then 400 new real estate developments, that are actively selling 6,000+ condominiums and houses.